The company didn't announce any additional closings on Thursday, but suggested that more could be on the way.

Chief Financial Officer Rob Schriesheim noted in an earnings call that the company's leases on hundreds of stores expire soon, giving the company the flexibility to close those stores.

"Our lease expirations in the 1,178 stores provide us with significant option value with minimal commitments since more than half of the leases expire in less than five years," Schriesheim said. "This lease portfolio provides us with substantial value as well as flexibility as we continue to transition to a more asset-light member-centric retailer leveraging our Shop Your Way platform."

In other words, Sears is planning to close more stores as soon as the leases expire.